Quantbot Technologies LP Buys New Position in Flywire Corporation $FLYW

Key Points

• Quantbot Technologies LP invested approximately $1.8 million in Flywire Corporation, acquiring 190,182 shares, which represents 0.15% of the company's total stock.
• Flywire's stock has seen mixed ratings from analysts, with price targets ranging from $12.00 to $20.00, and a consensus rating of "Hold" with a target price of $13.71.
• Despite a revenue increase of 27.2% year-over-year, Flywire reported a loss of $0.09 per share for the last quarter, which was below consensus estimates.

Quantbot Technologies LP acquired a new stake in Flywire Corporation (NASDAQ:FLYW - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 190,182 shares of the company's stock, valued at approximately $1,807,000. Quantbot Technologies LP owned approximately 0.15% of Flywire at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Flywire during the 4th quarter valued at about $77,000. GAMMA Investing LLC grew its position in shares of Flywire by 23,876.5% in the 1st quarter. GAMMA Investing LLC now owns 4,076 shares of the company's stock worth $429,000 after acquiring an additional 4,059 shares in the last quarter. Cetera Investment Advisers acquired a new position in shares of Flywire in the 4th quarter worth approximately $225,000. State of Wyoming grew its position in shares of Flywire by 80.1% in the 4th quarter. State of Wyoming now owns 10,939 shares of the company's stock worth $226,000 after acquiring an additional 4,865 shares in the last quarter. Finally, Vident Advisory LLC acquired a new position in Flywire during the 4th quarter valued at approximately $235,000. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Edwin J. Santos sold 5,000 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $10.50, for a total transaction of $52,500.00. Following the completion of the sale, the director owned 16,990 shares in the company, valued at $178,395. This represents a 22.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on FLYW shares. Wells Fargo & Company reduced their price objective on Flywire from $16.00 to $13.00 and set an "equal weight" rating for the company in a research report on Wednesday, May 7th. Truist Financial boosted their price target on Flywire from $12.00 to $13.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Royal Bank Of Canada dropped their price objective on Flywire from $20.00 to $17.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. UBS Group boosted their price objective on Flywire from $11.50 to $13.50 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Flywire in a research report on Thursday, July 17th. They set a "hold" rating and a $12.00 target price on the stock. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $13.71.

Flywire Stock Up 4.4%

FLYW stock traded up $0.54 during mid-day trading on Friday, hitting $12.82. The stock had a trading volume of 1,334,415 shares, compared to its average volume of 2,688,765. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.08. Flywire Corporation has a 1-year low of $8.20 and a 1-year high of $23.40. The company has a fifty day moving average of $11.54 and a 200 day moving average of $11.42. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 256.40, a PEG ratio of 2.70 and a beta of 1.27.

Flywire (NASDAQ:FLYW - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.02). The company had revenue of $127.50 million for the quarter, compared to the consensus estimate of $119.65 million. Flywire had a return on equity of 1.94% and a net margin of 1.27%.The business's revenue was up 27.2% compared to the same quarter last year. During the same quarter last year, the company posted ($0.11) EPS. Flywire has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities analysts expect that Flywire Corporation will post 0.14 EPS for the current fiscal year.

About Flywire

Flywire Corporation, together with its subsidiaries, operates as a payments enablement and software company in the United States and internationally. Its payment platform and network, and vertical-specific software help clients to get paid and help their customers to pay. The company's platform facilitates payment flows across multiple currencies, payment types, and payment options, as well as provides direct connections to alternative payment methods, such as Alipay, Boleto, PayPal/Venmo, and Trustly.